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shibani joshi joins us now. shibani: qualcomm is the number one supplier of wireless chips and we're pleased to be joined by the ceo of qualcomm, thank you for coming on. thank you for being with us today on a very busy, busy day. a very busy week certainly for you. >> thank you for having me with you. shibani: yesterday you gave the keynote at replacing steve ballmer and bill gates. a mobile company is a keynote at a consumer technology show. what does that symbolize in terms of the direction the consumer technology? >> everybody knows a smart phones have become so popular. mobile computing, computing is going mobile so microsoft built the new windows on top of our chips for example, so it is just now we will see it enabling technology. in particular consumer electronics. tvs, game consoles, all those things we traditionally think in consumer electronics. shibani: you are sort of the brains behind that technology. it is sort of the meaning that the horsepower, the engine is the driver for things rather than the
shibani joshi joins us now. shibani: qualcomm is the number one supplier of wireless chips and we're pleased to be joined by the ceo of qualcomm, thank you for coming on. thank you for being with us today on a very busy, busy day. a very busy week certainly for you. >> thank you for having me with you. shibani: yesterday you gave the keynote at replacing steve ballmer and bill gates. a mobile company is a keynote at a consumer technology show. what does that symbolize in terms of the...
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Jan 29, 2013
01/13
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shibani joshi joining us now with a special guest. shibani. >> thanks ashley. she is a desperate housewife. she is an actress ex-tread extraordinaire. she is blogger, a mom and wears different hats. she is teaming up with microsoft to help solve problems we can all relate to. felicity huffman joining me live in studio. thanks for being here. >> so happy to be here. >> you join awesome company of celebrity and moms teaming up with microsoft, jessica alba and gwen stefani. what made the tie-up right for you. >> here is what is perfect for me. i'm a mom. a actress. i run a website. i am starting a web series. i'm, a wife. all these things. like many moms out there i got a lot going on. and, i bet you can relate to this. i have to work everywhere. i have to work in the carpool lane. i have to work picking up my daughter from ballet class. i've got an, tra twrep minutes while i'm -- extra 20 minutes while cooking. i have to work everywhere. i found i had a document on this computer that i really needed and something over here and e-mail here and there wasn't any coh
shibani joshi joining us now with a special guest. shibani. >> thanks ashley. she is a desperate housewife. she is an actress ex-tread extraordinaire. she is blogger, a mom and wears different hats. she is teaming up with microsoft to help solve problems we can all relate to. felicity huffman joining me live in studio. thanks for being here. >> so happy to be here. >> you join awesome company of celebrity and moms teaming up with microsoft, jessica alba and gwen stefani. what...
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Jan 15, 2013
01/13
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shibani joshi is following the event. describe the new search technology facebook is day you booing. >> i want to show you what is happening to facebook shares. they are at session lows. down 1.6%. buy on the rumor, sell on the news is exactly what investors are doing right now. we didn't get a phone. we didn't get anything else that we thought about. some video ads. what we're get is a new search feature on facebook that does not compete with google. so i want to show you what is happening with google shares. google shares took a dip while, facebook shares took a dip while google shares went upwards on the news. people say this is less a direct competitor with google and more a direct competitor with linkedin or even yelp. linkedin shares are also down on the news. here is basically what the company announced. a new graph search function with you does not do what you do on the web. basically it searches for photos and news feeds and anything else that exist within facebook's ecosystem. so you can search within your frien
shibani joshi is following the event. describe the new search technology facebook is day you booing. >> i want to show you what is happening to facebook shares. they are at session lows. down 1.6%. buy on the rumor, sell on the news is exactly what investors are doing right now. we didn't get a phone. we didn't get anything else that we thought about. some video ads. what we're get is a new search feature on facebook that does not compete with google. so i want to show you what is...
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Jan 28, 2013
01/13
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shibani joshi with an earnings preview. was already asking questions of what you were predicting after the bell. what is the big headline? shibani: we probably will not see the big blockbuster numbers from the company or huge headline that will save the company. this is a huge ship and it will take a long time to turn this around. it is up 30%. last quarter came in with a surprise beat. it is the external stuff that are helping the company along. so the core question remains how is this company going to get back to its roots. they say it is all about getting back to her roots, but this isn't the 90s, you don't want yahoo getting back to its roots. they had to get back with mobile and continuing to bolster the display ad business. search, this type i've got business, that is the specifics yahoo investors were looking for clarity. the big take away from this today looking for $0.28 per share in terms of earnings per share. the next four quarters are flat. this company is not projected to go anywhere for a little while. cheryl
shibani joshi with an earnings preview. was already asking questions of what you were predicting after the bell. what is the big headline? shibani: we probably will not see the big blockbuster numbers from the company or huge headline that will save the company. this is a huge ship and it will take a long time to turn this around. it is up 30%. last quarter came in with a surprise beat. it is the external stuff that are helping the company along. so the core question remains how is this company...
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Jan 16, 2013
01/13
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shibani joshi said don't get too excited. it was searched but simply on the website itself. were you disappointed or do you still love the stock right now? >> the company itself did not say anything about what it was, the media got itself in a frenzy over it. if you look at what they introduced, it was a good step into search, just in the u.s., just in the desktop, just a prototype. but it is a great business for them to start getting into. what you will see as i am rolling out the full offering later this year, and you should see them move into mobile and then move into the global market. you think about the size of a search opportunity. obviously you have google and you have facebook with no revenue from search, but there are about a billion queries per day on facebook. liz: can they monetize the social search in any shape or form? >> let's say you want to see a movie so you go ahead and you go into your network on facebook and you ask your friends or you go ahead and say what movies are good? a bunch of search results back and disney can go ahead and put a little added un
shibani joshi said don't get too excited. it was searched but simply on the website itself. were you disappointed or do you still love the stock right now? >> the company itself did not say anything about what it was, the media got itself in a frenzy over it. if you look at what they introduced, it was a good step into search, just in the u.s., just in the desktop, just a prototype. but it is a great business for them to start getting into. what you will see as i am rolling out the full...
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Jan 23, 2013
01/13
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shibani joshi joins us with what to watch. i'm actually nervous. this is going to be a crucial number for these guys. >> this is a big one for these guys. a lot of people on the street, in fact investors are nervous as well. there is a fear gauge measure in the same way the fix measures fear of the overall market, there is an apple vix. it is at the highest levels since we have seen since april. anticipation is high all across the board. here is the line in the sand apple has to jump over in terms of unit sales when it comes out with its numbers after the close today. looking for the company to sell for between 47.5-53 million iphones. 23 to 25 million ipad. we already got a pretty mary indication that we think the iphone numbers could become very strong from verizon releasing earnings yesterday and said it activated 6.2 million iphone units, more than expected. but there is a hitch here. a low entry point for people coming in on an iphone that quite honestly never had the ability on the verizon network before. it is a price point issue for custome
shibani joshi joins us with what to watch. i'm actually nervous. this is going to be a crucial number for these guys. >> this is a big one for these guys. a lot of people on the street, in fact investors are nervous as well. there is a fear gauge measure in the same way the fix measures fear of the overall market, there is an apple vix. it is at the highest levels since we have seen since april. anticipation is high all across the board. here is the line in the sand apple has to jump over...
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Jan 15, 2013
01/13
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shibani joshi has the details. liz: disney is finally putting their characters into physical and web play. announcing the newest video game utilizing actual figures were a call them figurines. the copresident of disney interactive to talk about this one. david: what is the value of apple these days? can it rise up or could it go the other direction? down to zero in danger of that happening. analysts are battling it out and so are we. keep it here on fox business. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology an
shibani joshi has the details. liz: disney is finally putting their characters into physical and web play. announcing the newest video game utilizing actual figures were a call them figurines. the copresident of disney interactive to talk about this one. david: what is the value of apple these days? can it rise up or could it go the other direction? down to zero in danger of that happening. analysts are battling it out and so are we. keep it here on fox business. [ indistinct shouting ] ♪ [...
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Jan 29, 2013
01/13
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what is the deal here, shibani joshi? shibani: the reinvention of microsoft office. this is the biggest profit driver for the company. a consumer version was officially introduced today. it is more of a cloud -based service. you get this available for up to five devices. lots of storage. even some skype minutes for $99. this is the first time it has been directly available for consumers. all eyes are on this. again, 6 billion in sales in the last quarter. it needs this audit to gain momentum. we will be talking about office and talking to the companies technology celebrity spokesperson. stay tuned for that. connell: we will, indeed. shibani thank you. google is updating its mapping system with maps of north korea. hospitals, subways that even gray zones. google spokesman says there is no connection at all between eric schmidt and his recent visit to north korea in these new maps. all right, we will talk about oil here in a second. let's go to nicole once again for stocks now. nicole: let's take a look at the movers. i do not know if you like snowmobiles or motorcycle
what is the deal here, shibani joshi? shibani: the reinvention of microsoft office. this is the biggest profit driver for the company. a consumer version was officially introduced today. it is more of a cloud -based service. you get this available for up to five devices. lots of storage. even some skype minutes for $99. this is the first time it has been directly available for consumers. all eyes are on this. again, 6 billion in sales in the last quarter. it needs this audit to gain momentum....
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patrick lo is live with shibani joshi at the consumers electronics show in las vegas. first let's look how the dollar is moving against the foreign currencies on a day with the dow moving lower. the dollar is up against all of the currencies you can see here except for the yen. we'll be right back. can. >> at 22 minutes past the hour i'm arthel neville with your fox news minute. more proof this is a serious flu season. lehigh valley hospital in pennsylvania opened a mobile surge tent outside the e.r. to handle increasing number of patients arriving with flu-like symptoms. they used similar tent during the h1n1 flu during 2009. >>> former representative gabby giffords and her husband are launching a new gun control initiative to limit gun violence and mass shootings. today marks the two year anniversary of a day a gaun man opened fire at a tucson supermarket killing six and critically injuring giffords. >>> chicago police reopened the homicide investigation into the death after $425,000 winner last summer after new tests determined he died of cyanide poisoning and not n
patrick lo is live with shibani joshi at the consumers electronics show in las vegas. first let's look how the dollar is moving against the foreign currencies on a day with the dow moving lower. the dollar is up against all of the currencies you can see here except for the yen. we'll be right back. can. >> at 22 minutes past the hour i'm arthel neville with your fox news minute. more proof this is a serious flu season. lehigh valley hospital in pennsylvania opened a mobile surge tent...
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shibani joshi is live in las vegas with a preview. shibani. >> hi, ladies. we talked so much about tablets and smartphones and all these small mobile gadgets but still remains at the heart of ces all about the television screen. we're here in front of the world's largest wall-mounted television. it is being produced and made by lg. we're joined now by the company's senior vice president james fishler thanks for being with us, james. tell us what this is. it is huge. >> this is 100 inmuch laser projector. this means that the projector is near the screen, a mere 22 inches from the screen. 100 much screen, 1080p resolution and all the features. >> this looks like a projector but this is a huge well lit conference room. >> that is the amazing thing. [inaudible] the 1080 p. >> let's look along the showroom floor which as you see is very, very busy. i want to ask you about 3-d television. they're all the rage. people here, when the photographers here, everyone is still wearing 3-d glasses. is that technology gone? we've moved on. we're talking about hk and oled. p
shibani joshi is live in las vegas with a preview. shibani. >> hi, ladies. we talked so much about tablets and smartphones and all these small mobile gadgets but still remains at the heart of ces all about the television screen. we're here in front of the world's largest wall-mounted television. it is being produced and made by lg. we're joined now by the company's senior vice president james fishler thanks for being with us, james. tell us what this is. it is huge. >> this is 100...
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dagen: shibani joshi is that the consumer electric show. shibani: let's just say it is good to be a tech geek right now. i am at the monster vip booth. no one else is showing you this. remember the days when headphones and earphones were just black or white, long gone are those days. monster has transformed the business. beats by dr. dre. tell me about this new chapter. >> we established what the business would be like. we have a 50% are good chair and a business that did not exist. the retailers and everybody loves it. we found new ways of bringing to the map the meaning of rate music. educating young folks on what it takes to hear great sound. shibani: tell me about the business of headphones. like i said, they are now about identity and showing off a personality. they are also very expensive. >> just the business of headphones driven by smart phones and tablets. you can get a full experience with high quality headphones. with our technology that we started with pete's by dr. dre, now we are doing something like pure monster sound. it is
dagen: shibani joshi is that the consumer electric show. shibani: let's just say it is good to be a tech geek right now. i am at the monster vip booth. no one else is showing you this. remember the days when headphones and earphones were just black or white, long gone are those days. monster has transformed the business. beats by dr. dre. tell me about this new chapter. >> we established what the business would be like. we have a 50% are good chair and a business that did not exist. the...
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Jan 23, 2013
01/13
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shibani joshi, thank you to you as well as well as adam shapiro on the breaking news desk. david: we'll continue to inform you throughout the rest of the hour exactly what is happening to the stock after-hours. it is taking quite a hit as a result of some of these numbers. missed a lot of expectations on units sold. >>> raymond james just reported as well. coming up next, the ceo paul reilly, joining us exclusively to tell us what he is seeing from the investor. sandra: plus it is back to davos to hear from two global companies that are expanding. the ceo and president of marriott and hilton. they will be joined together with liz claman. find out where they're seeing the most growth. you do not want to miss this. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares f
shibani joshi, thank you to you as well as well as adam shapiro on the breaking news desk. david: we'll continue to inform you throughout the rest of the hour exactly what is happening to the stock after-hours. it is taking quite a hit as a result of some of these numbers. missed a lot of expectations on units sold. >>> raymond james just reported as well. coming up next, the ceo paul reilly, joining us exclusively to tell us what he is seeing from the investor. sandra: plus it is back...
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connell: shibani joshi has more. shibani: hi guys. samsung has done something new in the last year or so. they have created an entire new tablet. let's talk about why this is such a worthy category that you are so focused on this year. >> what we believe is that consumers and business users are looking for a larger format device. it is easier to consume and create content when you have a bigger screen. -- it is easier to use and create content when you have a bigger screen. this year we have a revised version of it with a little larger screen. shibani: i also know you are starting to focus on enterprise, business customers. i had an opportunity to see the brand new blackberry phones last night. they are amazing. they are trying to hold on to that space. >> we have a specific focus on enterprise this year. we have created a program called samsung 4 enterprise. we support different i.t. policies because we know consumers are taking them into the workplace now. we have to create a way for those -- [talking over each other] >> it needs to
connell: shibani joshi has more. shibani: hi guys. samsung has done something new in the last year or so. they have created an entire new tablet. let's talk about why this is such a worthy category that you are so focused on this year. >> what we believe is that consumers and business users are looking for a larger format device. it is easier to consume and create content when you have a bigger screen. -- it is easier to use and create content when you have a bigger screen. this year we...
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Jan 24, 2013
01/13
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connell: shibani joshi will cover this. shibani: apple shares are just getting dogged today. there is lots of concern about what is happening with the company's mojo. eighteen different companies, including article eighth have cut the companies price target by $132. the average price target is 612. concerns about apple's core growth. yesterday, the iphone sales fell short of that 50 million mark. that was the lines in the sand that the company needed to be. also, cheaper iphone models were selling better than the iphone5. the iphone for is essentially for free with a carrier. consumers are more price conscious. investors think that there is a cap on growth. what will get the company's mojo back, brian marshall said today that apple should bring to market a lower price point iphone. it will drive significant iphone adoption. connell and dagen, the one thing i want to point out, yes, the stock is down today. people have been quite bearish. the fundamentals still remain quite strong. it is not that the stock is doa, it just is not growing. it does not have that edge it once had
connell: shibani joshi will cover this. shibani: apple shares are just getting dogged today. there is lots of concern about what is happening with the company's mojo. eighteen different companies, including article eighth have cut the companies price target by $132. the average price target is 612. concerns about apple's core growth. yesterday, the iphone sales fell short of that 50 million mark. that was the lines in the sand that the company needed to be. also, cheaper iphone models were...
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Jan 30, 2013
01/13
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connell: shibani joshi is that the big event. shibani: we are with a president of apple go. we are talking about the big blackberry launch. a couple of new phones coming out. not sure when we will get them. the price point is $149. some of the other features we know, it weighs about 4.8 ounces. it has 70,000 apps. that is something you know a little bit about. you develop apps. what were your thoughts today? >> i think this is a very defining moment for bob kerrey. this was a crucial want that they needed to do. developers will be able to use web technology. shibani: this is an important day for research in motion and blackberry because so many people have left it. they loved to find options that would satisfy a more playful experience. >> they were announcing some marquee names of app makers. shibani: "wall street journal," the kindle, "new york times" and many, any more. >> it will be a very critical to them. shibani: what is the word on the street? has blackberry been able to do that? >> i think it will come down to a lot of what they will be able to do now with their mar
connell: shibani joshi is that the big event. shibani: we are with a president of apple go. we are talking about the big blackberry launch. a couple of new phones coming out. not sure when we will get them. the price point is $149. some of the other features we know, it weighs about 4.8 ounces. it has 70,000 apps. that is something you know a little bit about. you develop apps. what were your thoughts today? >> i think this is a very defining moment for bob kerrey. this was a crucial want...
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Jan 21, 2013
01/13
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. >> i am shibani joshi with your fox business brief. they have hired an investment bank to represent their interest in any sale of hostess brand. the goal is to ensure new owners of the company hires former workers. one ceo who can complain about his paycheck last year, disney ceo. his pay package climbed 20% in 2012 to more than $40 million. and want to be one of the first to board your next flight with southwest airlines? all it takes is 40 bucks. 45 minutes before the flight departs and the money must be paid at the gate. the airline currently doesn't have any assigned seating procedure. that is the latest from the fox business network giving you the power to prosper. tracy: jeff flock with the details. jeff: take a look, it is ultra pawn.com. folks that we would not come to pawn shops. a private equity guide, you saw a need for this. >> business a lot of times with liquidity to sell off their assets. there wasn't a similar thing like that for the high-end luxury consumer where they wanted to take the value and sell it off for cash l
. >> i am shibani joshi with your fox business brief. they have hired an investment bank to represent their interest in any sale of hostess brand. the goal is to ensure new owners of the company hires former workers. one ceo who can complain about his paycheck last year, disney ceo. his pay package climbed 20% in 2012 to more than $40 million. and want to be one of the first to board your next flight with southwest airlines? all it takes is 40 bucks. 45 minutes before the flight departs...
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Jan 23, 2013
01/13
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shibani joshi is here to tell us what to watch. shibani: if you think this is a tech story, it is not. this stock in the company has the ability to have broad reaching impact across markets. just to give you an idea of how important this biggest market cap, in terms of publicly traded companies has on overall markets, it overall has 9.7%. certain technology industries like the dow jones sector in the amax computer index, right around 20 and 24%. this will move the markets either to the upside or the downside. apple shares on a downward trajectory. down 20% because of concerns of what the quarter will unveil. the numbers that we are looking for 13.47 in terms of earnings per share on revenues of $54.7 billion. lori: these are numbers that in-laws have been bringing down. shibani: yes. i have a chart between the estimates and stock. the stock was at $700. over the last few months, brought down to 13.5. the numbers that we really want to pay attention to, it is a unit sales of the product. here, is a broad range of what we think we co
shibani joshi is here to tell us what to watch. shibani: if you think this is a tech story, it is not. this stock in the company has the ability to have broad reaching impact across markets. just to give you an idea of how important this biggest market cap, in terms of publicly traded companies has on overall markets, it overall has 9.7%. certain technology industries like the dow jones sector in the amax computer index, right around 20 and 24%. this will move the markets either to the upside...
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Jan 18, 2013
01/13
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shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries today upgrading the stock saying they believe the e-mail and bbm messenger service will be licensed to the iphone as well as to android phones that is licensing revenues for research in motion which it needs. also getting some apps out there and early traction with enterprise customers signing onto this. that is news lifting it higher today, all around up 98%, almost doubled in the last three months. ashley: so are the gains real? this of course has been a favorite of. >> this is interesting. we're starting to uncover this a little bit. short interest has been tremendous. in the month of december it actually increased 14%, up from 9% in the month of november. what you're seeing are increasing bets that the company's stock is going to fall. but the stock has not fallen. it is actually increased like i said. it doubled in the last three months. what we're seeing are the short traders trying to unwind an
shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries today upgrading the stock saying they believe the e-mail and bbm messenger service will be licensed to the iphone as well as to android phones that is licensing revenues for research in motion which it needs. also getting some apps out there and early traction with enterprise customers signing onto this. that is news lifting it higher today, all around up 98%,...
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Jan 16, 2013
01/13
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apple as shibani joshi has been reporting, a nice turnaround. we will be right back. ashley: homebuilder confidence held steady at a new seven-year high in january according to the latest national association of homebuilders survey, so what does this mean for the house recovery in the recent run-up in stocks? a senior analyst. thank you for joining us. believe it or not, homebuilder was one of the best performing sectors in 2012. we are seeing signs of a recovery, no doubt about it. what can we expect for this year? will we just kind of slowly build? >> we ar we're really optimistin the outlook for housing in 2013. three things we're really talking about, low interest rates number one, tighter inventory levels number two, and a stable price environment. although the overall economy in the backdrop remains sluggish, we think housing is a bright spot. ashley: one of the critical issues we talk about is the availability of mortgages. do you think we will see a turnaround? we will not go to the mortgage for everyone policy of the olden days, but will we go back to what is
apple as shibani joshi has been reporting, a nice turnaround. we will be right back. ashley: homebuilder confidence held steady at a new seven-year high in january according to the latest national association of homebuilders survey, so what does this mean for the house recovery in the recent run-up in stocks? a senior analyst. thank you for joining us. believe it or not, homebuilder was one of the best performing sectors in 2012. we are seeing signs of a recovery, no doubt about it. what can we...
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Jan 25, 2013
01/13
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shibani joshi has details on this this is really a pandora's box. a whole new way to investigate people who are indebted and gin up new business as well. >> they're already so pesky calling your home or receiving you there mail or other forms, outreach methods. now they're getting more pesky because they're getting into facebook and twitter and your other social media forms. you can't say they're pesky because they're just doing their jobs but it is a big business, the debt collection business. in fact the consumer financial protection bureau estimates that 30 million americans are being pursued to collect $12 billion in debts. as a result the debt collectors are working really, really hard to get their money back. they have been using the phone. they have been using mail. now they're starting to use social media and the web. as of this month the cfpb has initiated new rules to rein in these debt collectors. now borrowers out there will be able to learn about any legal actions, any tame or aggressive behavior you can easily report but it is very mur
shibani joshi has details on this this is really a pandora's box. a whole new way to investigate people who are indebted and gin up new business as well. >> they're already so pesky calling your home or receiving you there mail or other forms, outreach methods. now they're getting more pesky because they're getting into facebook and twitter and your other social media forms. you can't say they're pesky because they're just doing their jobs but it is a big business, the debt collection...
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there's something called the magic port which shibani joshi will show as later, and wait until you see that. coming up next, live from the consumer electronics show in las vegas, first on fox business interview with the ceo of samsung america, tim baxter. the biggest buzz when it comes to television is the 100 inch behind me. we will show that to you and talk about all from high-definition television which interestingly beat them to the back market. have to put on that. we will talk to tim baxter about that and more live from the consumer electronics show in las vegas. liz: welcome back. let's look at the markets. we are well off of session lows. at below point dow agenda industrials was down 91 points. down give or take 64 and look at the s&p down 6 points but once again fighting back at the moment so we are not quite there yet. but right now as i said we are right here at samsung. everybody is talking about smart phones and wireless, it is television sets that always draw absolutely huge crowds. but before the show began a blog for a live with all sorts of glittery rumors about diffe
there's something called the magic port which shibani joshi will show as later, and wait until you see that. coming up next, live from the consumer electronics show in las vegas, first on fox business interview with the ceo of samsung america, tim baxter. the biggest buzz when it comes to television is the 100 inch behind me. we will show that to you and talk about all from high-definition television which interestingly beat them to the back market. have to put on that. we will talk to tim...
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Jan 31, 2013
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shibani: i am shibani joshi with your fox business brief. a judge sentenced peregrine financial group founder to the maximum 50 years in prison for stealing $200 million from investors. heehas also been ordered to pay $215 million in restitution. 360,000 people filed for first-time jobless benefits last week. that topped the estimate by 18,000. wall street is waiting to that important jobs report for tomorrow. despite the continued struggles with unemployment president obama's job counselors shutting down. the council's authority runs out today and the white house says it is not renewing it. instead the administration will focus on new ways to engage with the business community and create jobs and that is the latest from fox business giving you the power to prosper. tracy: eight carmakers will the rear tires and miserable but one brand maybe far more visible then arrest. dennis kneale covers that story now. more skin in this one. dennis: the and even started yet but there's already a clear winner. mercedes-benz. mercedes as two ads running i
shibani: i am shibani joshi with your fox business brief. a judge sentenced peregrine financial group founder to the maximum 50 years in prison for stealing $200 million from investors. heehas also been ordered to pay $215 million in restitution. 360,000 people filed for first-time jobless benefits last week. that topped the estimate by 18,000. wall street is waiting to that important jobs report for tomorrow. despite the continued struggles with unemployment president obama's job counselors...
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Jan 8, 2013
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shibani joshi from the fox business network live at the consumer electronics show in las vegas. shibani? >> reporter: hi, there, jon. yes, we're at consumer electronics show 2013, the biggest consumer technology show in the world. the big themes this year, 25,000 new products becoming unveiled. ultrahigh definition televisions costing north of $25,000. laptops, flexible laptops that turn into pcs. and headphones, lots and lots of headphones. this is a brand new set unveiled by monster last night. teaming up with ea to bring you the ultimate gaming experience. i will bring you some of my other favorites coming up right after the break. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely f
shibani joshi from the fox business network live at the consumer electronics show in las vegas. shibani? >> reporter: hi, there, jon. yes, we're at consumer electronics show 2013, the biggest consumer technology show in the world. the big themes this year, 25,000 new products becoming unveiled. ultrahigh definition televisions costing north of $25,000. laptops, flexible laptops that turn into pcs. and headphones, lots and lots of headphones. this is a brand new set unveiled by monster...
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Jan 30, 2013
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shibani joshi had a chance to speak with blackberry new ceo thorsten heins on the changes. >> don't call it research in motion anymore. the company turning over a new leaf today unveiling its new blackberry 10 operative system and two brand-new phones. compare it to my old blackberry in a second, but the company stripping the inside and changing the name plates on the outside called "blackberry" making a lot of sense since everybody knows the bread and butter product is the blackberry. just inside this event were about 1000 people attended. they had a chance to talk to thorsten heins and asked in a couple of things. what about the rumors of strategic partnerships, a buyo buyout, asking about the stock prices today. any disappointment and any issues with delivery dates in march. take a listen to what he had to say. >> they announce they will strongly support blackberry 10. if you look at the numbers, they started launching in two weeks. the difference really is the testing process. a very intense testing process and we want to respect the testing of our carriers. that is why it is behind
shibani joshi had a chance to speak with blackberry new ceo thorsten heins on the changes. >> don't call it research in motion anymore. the company turning over a new leaf today unveiling its new blackberry 10 operative system and two brand-new phones. compare it to my old blackberry in a second, but the company stripping the inside and changing the name plates on the outside called "blackberry" making a lot of sense since everybody knows the bread and butter product is the...
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Jan 21, 2013
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we have of course who else would be here for technology shibani joshi is with me for technology. sandra smith is with me. but first shibani, the latest on apple. i'm nervous. shibani: a lot of people are. let's take a look at the stock price over the last three months. used to be $700 stock back in september and now we're talking about $500 stock. here's what the stakes are for this company's stock price, according to an analyst of global equities research he says the size of a miss will mean the difference between $400 stock and $600 stock, so we're talking $100 price move on apple shares. earnings per share of $13.41. revenues of 54.6 billion dollars. that's a decline of 3%. the first decline we're expecting in over a decade. and then it's been said while the december holiday quarter is expected to smash records, we're concerned that the demand for new apple products is compressing so basically what he's saying here is is the spark gone for apple? this is going to be a make-or-break quarter in that sense. we're getting the holiday numbers. it is the most important quarter for a
we have of course who else would be here for technology shibani joshi is with me for technology. sandra smith is with me. but first shibani, the latest on apple. i'm nervous. shibani: a lot of people are. let's take a look at the stock price over the last three months. used to be $700 stock back in september and now we're talking about $500 stock. here's what the stakes are for this company's stock price, according to an analyst of global equities research he says the size of a miss will mean...
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Jan 24, 2013
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let's go to shibani joshi. first it was apple, and now we've got microsoft. >> and tech goes on, cheryl. yes, big mr. softie coming out after the close today. here are the numbers that analysts are expecting this company to meet, 75 cents per share on earnings per share on revenues of $21.53 billion n. the last quarter the company made huge bets on software releasing the windows 8 operating system in october, also bets on the software and on the hardware as well with that surface tablet. the preliminary indications so far that we've gotten in that windows 8 sales have been sort, so we're going to want to listen for more details in terms of overall licenses and the numbers of copies that have been sold. that being said, wall street thinks that we're going to see stronger sales of windows 8 in the coming quarters as more pcs and devices come out that will showcase the windows 8. so a little bit of an asterisk there. we do think that we're going to see strength in consumer products including mobile phones and the
let's go to shibani joshi. first it was apple, and now we've got microsoft. >> and tech goes on, cheryl. yes, big mr. softie coming out after the close today. here are the numbers that analysts are expecting this company to meet, 75 cents per share on earnings per share on revenues of $21.53 billion n. the last quarter the company made huge bets on software releasing the windows 8 operating system in october, also bets on the software and on the hardware as well with that surface tablet....
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Jan 22, 2013
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shibani joshi telling us about that. joining us, senior research analyst with an underperform rating and $7 price target on the stock. let's talk about where the stock is right now. many had discounted, ready to be torn apart, now there is renewed interest in this company. it's blackberry 10 going to deliver, do you think? >> at the end of the day they're facing a significant uphill challenge. they can turn into real numbers, and there is a lo a lot of anticipation around january 30 event. that is really what is still driving the stock. cheryl: let's talk about the service revenue they collect from carriers. if there is a change in the company overall with the blackberry 10, won't some of those go away? couldn't that be a negative? >> you hit the nail on the head, be careful what you wish for. the company reall company reallm the service revenue stream which generates gross margins and accounting for the bulk of the profitability. the more successful blackberry 10 is, most subscribers no longer pay a service revenue, and
shibani joshi telling us about that. joining us, senior research analyst with an underperform rating and $7 price target on the stock. let's talk about where the stock is right now. many had discounted, ready to be torn apart, now there is renewed interest in this company. it's blackberry 10 going to deliver, do you think? >> at the end of the day they're facing a significant uphill challenge. they can turn into real numbers, and there is a lo a lot of anticipation around january 30...
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Jan 14, 2013
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shibani joshi has been following the apple story for us today, what is really going on? shibani: there were high expectations for the quarter. and herein, this is normal after the holiday season the companies and most technology companies scaled back on supply-chain orders, but there is reason to be alarmed. a lot of the street has been coming on today to say this is no real news, has been baked into the cake already given some has leaked out in the summer. but we are getting reports from analysts giving us indications we should be concerned about whether or not people are buying the iphone five or not. taiwan semiconductors, the largest chip foundry that makes the chips that qualcomm designs that go into the iphone five. they put out an industry report about their numbers and in fact they have said sales declined 16% month over month, about double what the street was forecasting, so it is the component and component makers giving us some indication that perhaps people are not dying the iphone 5. it will create a ripple effect. it is not just about the iphone 5, it is ev
shibani joshi has been following the apple story for us today, what is really going on? shibani: there were high expectations for the quarter. and herein, this is normal after the holiday season the companies and most technology companies scaled back on supply-chain orders, but there is reason to be alarmed. a lot of the street has been coming on today to say this is no real news, has been baked into the cake already given some has leaked out in the summer. but we are getting reports from...
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Jan 28, 2013
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shibani joshi has been following this for a while. i guess investors are satisfied with what's happening in that area? >> i think all around, david, this is a pretty good report. we've got paid clicks up. we've got revenues minus ad compensation also up. in the earnings report marisa meyer went on to say i'm proud of yahoo!'s 2012 and fourth quarter results. in 2012 yahoo! exhibited revenue growth for the first time in four years with revenue up 2% year-over-year. remember it was last quarter that the company actually saw ad revenue decline or flat. and she described that quarter as disappointing. so for her to come the very next quarter to say that she is is, she is satisfied and she is proud is a big turn of events in a very short amount of time. cheryl: shibani, the other thing we're talking about with regards to this report is obviously mobile. can they make ways into the mobile space versus facebook versus google apps, if you will. are you seeing anything in the report about mobile? i know it is a huge report and you're going thr
shibani joshi has been following this for a while. i guess investors are satisfied with what's happening in that area? >> i think all around, david, this is a pretty good report. we've got paid clicks up. we've got revenues minus ad compensation also up. in the earnings report marisa meyer went on to say i'm proud of yahoo!'s 2012 and fourth quarter results. in 2012 yahoo! exhibited revenue growth for the first time in four years with revenue up 2% year-over-year. remember it was last...
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david: shibani joshi has a few things to say what is happening with microsoft. go ahead, shibani? >> we were talking about the windows 8 licenses. the company revealed it sold 60 millionness ares to date. i would like to add i think this number had previously been unveiled. this is not a new indication or new update coming out of microsoft. a little bit of a disappointment we're not seeing anymore ratcheted up up in members. bing market share rising to 16%. i think as windows 8 one of our previously private guests talked about, 16.8 million is the one everyone was looking for. sandra: we're waiting for starbucks earnings. we should get those out very shortly. shibani i want to ask you one other thing when looking at the report from microsoft, you mentioned the 60 million number. we're also looking at microsoft overall as far as the technology sphere is concerned. everybody was concerned about the pc market obviously. what do you think this report will tell the broader market about pc sales in general? >> well i think it will reflect exactly what everybody has been saying and anecd
david: shibani joshi has a few things to say what is happening with microsoft. go ahead, shibani? >> we were talking about the windows 8 licenses. the company revealed it sold 60 millionness ares to date. i would like to add i think this number had previously been unveiled. this is not a new indication or new update coming out of microsoft. a little bit of a disappointment we're not seeing anymore ratcheted up up in members. bing market share rising to 16%. i think as windows 8 one of our...
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lori: let's head back to liz claman and shibani joshi on the floor of ces where they had a chance check out the top new tech toys. what are your favorites? >> we've been fighting through this one. >> yeah. >> i get to start. we did a klein flip. we'll start with this little drone. this is paris ar drone 20. this is 299 bucks. this is at brookstone. this is going to start. it will lift off. it is going to, not do anything. one for nothing. wait, here it goes. >> there we go. >> it will hover. getting everybody's attention. >> anything that allows me to channel my inner rock star is good thing. this is the ion all-star guitar. 99 bucks. it is powered by an ipad. put it on here with 10 free loaded songs. i can rock out all night long. >> you know what works perfectly? >> this accessory here. the ion party rocker. has the strong and plug in ipad. with shibani's guitar decided to put together an amplifier. party in the box. this has amazing sound. mic included. full on karaoke party with the mow heat toes. available late spring. shibani. go. >> whenever we go on a business trip we always hav
lori: let's head back to liz claman and shibani joshi on the floor of ces where they had a chance check out the top new tech toys. what are your favorites? >> we've been fighting through this one. >> yeah. >> i get to start. we did a klein flip. we'll start with this little drone. this is paris ar drone 20. this is 299 bucks. this is at brookstone. this is going to start. it will lift off. it is going to, not do anything. one for nothing. wait, here it goes. >> there we...
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Jan 16, 2013
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joshi, pulling apart the numbers. is that going to satisfy investors and analysts. >> this is story that shows mobile is key driver for any marketplace. ebay has been able to successfully turn around and rewrite the narrative. company's ceo jon donahue, we continue to be a commerce and payments leader. let me break it down for you. mobile revenues, $13 billion. whisper number, the street, investment professionals out there were looking for, was 10 billion. they are three billion above what people are talking about. paypal, the payments system also accelerating in their growth, total payments, i think 24 billion bucks. so what we're seeing is, a company that is able to use its two pillars, not just a marketplace, not just payments but growing them both rapid clip. very solid and healthy report coming out of ebay. david: we've seen the numbers come down a little bit. trading down a little bit, after-hours bid below closing. international business, shibani. more than half of paypal's revenues come from business overseas,
joshi, pulling apart the numbers. is that going to satisfy investors and analysts. >> this is story that shows mobile is key driver for any marketplace. ebay has been able to successfully turn around and rewrite the narrative. company's ceo jon donahue, we continue to be a commerce and payments leader. let me break it down for you. mobile revenues, $13 billion. whisper number, the street, investment professionals out there were looking for, was 10 billion. they are three billion above...
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Jan 11, 2013
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dagen: shibani joshi has the latest. shibani: new data out showing that pc sales and pcs were not a favorite president delivered under the christmas tree this year. new data out showing that the pc market is under pressure. tablet sales and smart phones are more popular. idc just reported that sales for 2012 were 89.8 million pcs shipped in the fourth quarter. that is down 6.4% year over year. if you look at all of 2012, it was not any better. 252 million pcs sold. that is also down. the calendar year is expected to be a little bit better. the reason for the pc industry problems are no surprise to you, slow fashion with windows eight. then, the refresh cycle. people were updating their pcs about every five years, now they are doing it every ten years. connell: we are all over it. you are right. using the tablet here on set. shibani, thank you. dagen: you do need pcs. if you have any security problems, you have to go onto a computer. it is almost impossible to really deal with that with a tablet or phone. connell: i use o
dagen: shibani joshi has the latest. shibani: new data out showing that pc sales and pcs were not a favorite president delivered under the christmas tree this year. new data out showing that the pc market is under pressure. tablet sales and smart phones are more popular. idc just reported that sales for 2012 were 89.8 million pcs shipped in the fourth quarter. that is down 6.4% year over year. if you look at all of 2012, it was not any better. 252 million pcs sold. that is also down. the...
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Jan 25, 2013
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shibani joshi is in the newsroom. shibani: we have all had this happen to us. and unfamiliar friend request on facebook. some of us to either impress our love and accept that unknown friend. the debt collectors are now getting more social trying to reach you through the web. they estimate that as many as 30 million consumers are being pursued by debt collectors online including places like facebook. they are chasing down around $12 billion in debt. they say maintaining and keeping on top of that collection is a top priority, but the rules about using social media are still unclear. that means companies like jpmorgan, capital one and debt collectors could face new regulation on how they contact debtors. right now it is the wild wild west and they can reach you anyway they can get a hold of you. a good reason to stay clear of those unfamiliar faces on facebook. connell: shibani, thank you very much. shibani: i am excited about vanilla ice. connell: we were talking earlier about housing. we do have now a completely different take on housing than what we normally h
shibani joshi is in the newsroom. shibani: we have all had this happen to us. and unfamiliar friend request on facebook. some of us to either impress our love and accept that unknown friend. the debt collectors are now getting more social trying to reach you through the web. they estimate that as many as 30 million consumers are being pursued by debt collectors online including places like facebook. they are chasing down around $12 billion in debt. they say maintaining and keeping on top of...
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Jan 16, 2013
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dagen: shibani joshi has more. shibani: i do not have to tell you investors and wall street becoming are skeptical about apple. today is and optimistic day. this is despite a downgrade out of specific crest. they are expecting a lot of sideways trading on apple shares in the next 12 months. specifically "we believe that the height and of the tablet and smart phone markets are quickly becoming saturated." cheaper ipad mini and iphones, that we have been thinking are rumored, could end up cannibalizing sales. the cheaper iphone, many believe it is coming. it is geared specifically towards one nation and that is china. tim cook, ceo of apple saying that. i will send it right back to you. apple shares doing well despite this downgrade on apple. connell: we are going to get the president here in a couple of minutes. ahead of that, we will talk about it a little bit. dagen: we will talk about it with judge andrew napolitano. just your take on this. >> we do not know exactly what he will do on his own. he can make whateve
dagen: shibani joshi has more. shibani: i do not have to tell you investors and wall street becoming are skeptical about apple. today is and optimistic day. this is despite a downgrade out of specific crest. they are expecting a lot of sideways trading on apple shares in the next 12 months. specifically "we believe that the height and of the tablet and smart phone markets are quickly becoming saturated." cheaper ipad mini and iphones, that we have been thinking are rumored, could end...
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Jan 28, 2013
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connell: let's go to shibani joshi for the details on that. shibani: happy monday. it is definitely a deal worth reading about. making a nice cash infusion into twitter. this reported over the weekend. it is injecting $80 million or buying 1% of the company giving the six-year-old company a value of $9 billion. it is making it bigger if you look at the market cap of some publicly traded companies. bigger than research in motion. almost double the size of best buy. almost four times as big as zynga and aol. it was a way to retain employees. employees are itching to sell out. it is widely expected, though, that the company is looking to make a public debut on the public target either this year or next year. it was put on hold after the whole facebook fiasco last summer. dagen: thank you, shibani. connell: let's go to nicole petallides for stocks now. an update on herbalife. nicole: if you look at herbalife right now, it is down double digits in percentage terms. a name that certainly has had a volatile run. it has gone back and forth with the billionaires and hedge fu
connell: let's go to shibani joshi for the details on that. shibani: happy monday. it is definitely a deal worth reading about. making a nice cash infusion into twitter. this reported over the weekend. it is injecting $80 million or buying 1% of the company giving the six-year-old company a value of $9 billion. it is making it bigger if you look at the market cap of some publicly traded companies. bigger than research in motion. almost double the size of best buy. almost four times as big as...
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Jan 31, 2013
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shibani joshi has more on that. connell: you would think. great is not good enough for facebook investors. the numbers are great. they were great. when they came out after the close yesterday, they be on the bottom and the top line. helped by mobile advertising almost doubling. analysts are disappointed. this is a read you tune into fox business. we have the scoop behind the scoop. mobile revenues, yes, they were higher. the street wanted $350 million. the other thing is we were informed that facebook is now in investment mode. the company will be spent on things like r and d on projects like it infrastructure. this is something that amazon did not too long ago. when you start to head and increase your cost, you start to limit what your earnings growth is. that is why we are seeing shares selloff today. "we do not believe that the facebook story has existed long enough that it can be given a path for this change in earnings trajectory. the run and facebook shares is likely over, at least for now. ". a little bit of a pause in the nice round
shibani joshi has more on that. connell: you would think. great is not good enough for facebook investors. the numbers are great. they were great. when they came out after the close yesterday, they be on the bottom and the top line. helped by mobile advertising almost doubling. analysts are disappointed. this is a read you tune into fox business. we have the scoop behind the scoop. mobile revenues, yes, they were higher. the street wanted $350 million. the other thing is we were informed that...
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Jan 17, 2013
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shibani joshi has more. shibani. >> hi, lori, yes. he said a while back it wouldn't make strategic sense for the company to develop a hardware smartphone but he didn't say anything about software that could turn facebook into more of a voice enabled application and that is exactly what the social media company has done overnight and very quietly i must add. changing its new facebook messenger update. it is no the app, facebook app on your iphone or android. it is a facebook messenger app. it has been up loaded and updated to have a free call button. what you can do now is checking out what your friend are doing and can see if they're online and available. you hit the free call button and then you can call them up and talk to them using voice over ip or local wireless network, wi-fi. basically that is what the company unveiled last night, turning essentially every phone or iphone for now into a facebook phone. pretty brilliant there. lori: all kinds of announcements for from facebook. why aren't they consolidating? why didn't they do t
shibani joshi has more. shibani. >> hi, lori, yes. he said a while back it wouldn't make strategic sense for the company to develop a hardware smartphone but he didn't say anything about software that could turn facebook into more of a voice enabled application and that is exactly what the social media company has done overnight and very quietly i must add. changing its new facebook messenger update. it is no the app, facebook app on your iphone or android. it is a facebook messenger app....
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Jan 14, 2013
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and shibani joshi joins us now with more. shibani: nicole was just pointing out shares of apple down about 2.6%. but not taking the beating that you would expect on the news of the "wall street journal" reporting that the company is ordering fewer supplies and parts for the iphone 5. apparently the company cutting its order for components due to weaker than expected demand. it is a move that comes as the company faces greater challenges. according to the "wall street journal," from big competitors, like samsung, as well as google android operating system phones out there. also research in motion coming out with the phone very soon. and the windows smart phone out. shares below. well they fell as low as 498 bucks at the open. but they are seeing some stabilization. one of the things i want to point out, the reason we may not be seeing a bigger dip than expected, ubs just issuing a report just moments ago to its clients saying that most of this information has already been baked into the numbers, saying this is quote unquote ol
and shibani joshi joins us now with more. shibani: nicole was just pointing out shares of apple down about 2.6%. but not taking the beating that you would expect on the news of the "wall street journal" reporting that the company is ordering fewer supplies and parts for the iphone 5. apparently the company cutting its order for components due to weaker than expected demand. it is a move that comes as the company faces greater challenges. according to the "wall street...
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Jan 15, 2013
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shibani joshi in the newsroom. dagen: lulu lemon shares taking a huge hit. nicole: not good news for lulu lemon. the ceo saying that the calendar actually compressed the holiday season. giving an outlook that certainly fails to wow wall street. here is a look at lulu lemon right now. it is under pressure. lulu lemon is actually a winner over six months. ubs kept there by rating, but had to lower their price target. lulu lemon saying that their sales growth, is going to slow. that certainly does not build confidence in the shares. at least not for today. back to you. connell: over to china with the country considering increasing the amount of foreign investors into the stock market. >> long-term goal to have an open and inclusive capital market. they are the itself back in april. they raised it. they are talking about increasing and other possible nine to ten times. i still see a lot of hurdles and obstacles that they will have to go through in order to accomplish the goal. connell: china is going through this leadership change. the new leader taking over. wh
shibani joshi in the newsroom. dagen: lulu lemon shares taking a huge hit. nicole: not good news for lulu lemon. the ceo saying that the calendar actually compressed the holiday season. giving an outlook that certainly fails to wow wall street. here is a look at lulu lemon right now. it is under pressure. lulu lemon is actually a winner over six months. ubs kept there by rating, but had to lower their price target. lulu lemon saying that their sales growth, is going to slow. that certainly does...
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shibani joshi has more. >> pretty good day for twitter, right? a habit, a bad habit for some of us out there. we think because the site is free and maybe the site is private, not a publicly-traded company, this is a small sized company. it's not. this new cash unfusion the company got according to "the wall street journal" now puts it in a very esteemed peer group. look what it compares to in terms of public market cap. twitter valued at $9 billion. it is worth more than research in motion, the blackberry maker and almost double of best buy and electronic arts, videogame maker and zynga and aol currently trade for. blackrock according to the journal infused in twitter, the company taking a 1% stake in twitter, valuing the company at $9 billion because they bought it for 80 million bucks. and really this is just seen as a nice vote of confidence. there has been a lot of questions about whether or not this company has a viable business model. how in the world it will make money. the ceo turned over a million times. this is needed boost. lori: what
shibani joshi has more. >> pretty good day for twitter, right? a habit, a bad habit for some of us out there. we think because the site is free and maybe the site is private, not a publicly-traded company, this is a small sized company. it's not. this new cash unfusion the company got according to "the wall street journal" now puts it in a very esteemed peer group. look what it compares to in terms of public market cap. twitter valued at $9 billion. it is worth more than...
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Jan 11, 2013
01/13
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shibani joshi has the details. i would imagine not great things? >> not great things. they have a lot of work to do just to maintain sort of their market share in the overall mobile and computing space but, not good numbers. this is the first decline in pc sales on a yearly base says -- basis since the 2001 in the wake of the september 11th attacks the industry is under pressure from all the devices and gadgets you love, smartphones and everything else. igc reported saying 89.8 million pcs shipped in the fourth quarter that is down 6.4% year-over-year. looking a at year 2012, we should have the stats up here, not much better. 250 million pcs sold. that is down 3.2% from 2011. this calendar year supposed to be a little better. instead of seeing a decline we're actually going to see growth in sales, this is worldwide, up about 2.8%. this year should be better but 2.8% growth is not usually great. usually keeps up with inflation if not that, right. lori: what about all the hype surrounding windows 8 release? i thought that would spark sales? >> every single player in the
shibani joshi has the details. i would imagine not great things? >> not great things. they have a lot of work to do just to maintain sort of their market share in the overall mobile and computing space but, not good numbers. this is the first decline in pc sales on a yearly base says -- basis since the 2001 in the wake of the september 11th attacks the industry is under pressure from all the devices and gadgets you love, smartphones and everything else. igc reported saying 89.8 million...
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Jan 14, 2013
01/13
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shibani joshi joins us with the story now. what do you think? >> this is the talk of the tech world. not just taking down apple shares, down 3.6% but the nasdaq is down. anything that has sort of touch point with apple. chip-makers, display makers everyone is reacting to this news. here is what "the wall street journal" reported this morning. apparently the tech giant cut its order for iphone 5 components. we're talking about lcd four-inch screens made by sharp and lg and other components by half. melissa: wow. >> that is magnitude of quantity we're talking about here. the news may signal of course to the street and everyone else out there that apple, the iphone isn't selling as well as we thought it was. and apple, the iphone, is its core bread and butter product. it is the key revenue generator and margin contributor to the earnings report and bottom line. this is what people are taking seriously today. melissa: begs the question, what is the problem? is samsung coming in and eating up their market share? >> i think it is about a lot of differ
shibani joshi joins us with the story now. what do you think? >> this is the talk of the tech world. not just taking down apple shares, down 3.6% but the nasdaq is down. anything that has sort of touch point with apple. chip-makers, display makers everyone is reacting to this news. here is what "the wall street journal" reported this morning. apparently the tech giant cut its order for iphone 5 components. we're talking about lcd four-inch screens made by sharp and lg and other...